Live Nation and Ticketmaster Could Soon Face Federal Antitrust Lawsuit

’s antitrust division is preparing to file a lawsuit against Live Nation in the next few weeks. No exact date was given, nor were specific details about the suit. But sources reportedly said it would accuse Live Nation, which owns Ticketmaster, of using its standing and power in the industry to undermine competition. Ticketmaster. While the probe had begun earlier in the year, it was first revealed in Nov. 2022 after Ticketmaster’sLive Nation has repeatedly pushed back against these accusations.

— the biggest concert promoter and venue operator — in 2010 is the source of many of the modern complaints about the practices of the entwined companies. Among them is the accusation that Live Nation has pressured concert venues into using Ticketmaster over other ticketing systems — an anti-competition allegation that nearly led the DOJ to sue Live Nation in 2019.

While Ticketmaster reportedly holds over 80% of the primary ticket sale market, a spokesperson for the company argued to thethat it actually faces “more competition today than it has ever had, and the deal terms with venues show it has nothing close to monopoly power.” Michael Douglas Is the Latest Actor To Make Controversial Remarks About Intimacy Coordinators‘The Ministry of Ungentlemanly Warfare’ Review: Guy Ritchie’s Cheeky WWII Caper Is His Best Movie Since ‘The Man from U.N.C.L.E.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOJ to sue Live Nation, Ticketmaster over alleged monopoly on event tickets, reports sayThat's the parent company behind TicketMaster, which has come under scrutiny in recent years.
Source: FCN2go - 🏆 523. / 51 Read more »

DOJ to sue Live Nation, Ticketmaster over alleged monopoly on event tickets, reports sayThat's the parent company behind TicketMaster, which has come under scrutiny in recent years.
Source: fox43 - 🏆 564. / 51 Read more »

DOJ to sue Live Nation, Ticketmaster over alleged monopoly on event tickets, reports sayThat's the parent company behind TicketMaster, which has come under scrutiny in recent years.
Source: KVUE - 🏆 244. / 63 Read more »

DOJ to sue Live Nation, Ticketmaster over alleged monopoly on event tickets, reports sayThat's the parent company behind TicketMaster, which has come under scrutiny in recent years.
Source: 9NEWS - 🏆 238. / 63 Read more »

DOJ to sue Live Nation, Ticketmaster over alleged monopoly on event tickets, reports sayThat's the parent company behind TicketMaster, which has come under scrutiny in recent years.
Source: KING5Seattle - 🏆 457. / 53 Read more »

Justice Department to sue Ticketmaster, Live Nation for alleged monopoly over ticketing industry: reportTicketmaster's parent company, Live Nation, could face an anti-trust lawsuit from the Department of Justice as soon as next month, a report says.
Source: FoxBusiness - 🏆 458. / 53 Read more »